Sop Seydina Mahamed Group

The Sop Seydina Mahamed solidarity group has been created on May 14, 2010. It is composed of 7 women, all from the same village. They are neighbors and friends who decided to form a group together. The group belongs to the Banc Villageois of Gabar.

Fatoumata B. is a 37-year old woman. She is married and the mother of six. She is standing on the far right in the photo and is the group leader. She raises sheep and grows produce, such as onions, carrots, and cabbage. Her new loan will allow her to improve her animal selling and gardening business. She helps her husband provide for their family.

Additional Information

About CAURIE Micro Finance

The mission of CAURIE Micro Finance is to contribute sustainably and to offer microfinance services adapted to impoverished micro-entrepreneurs, primarily women, based on the principles of ‘credit for the poor’ and on microfinance best practices, all while investing in order to become financially independent.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.